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Deutsche Telekom’s earnings up

Deutsche Telekom’s earnings up

05/11/09 19:52 CET

Telecommunication

economy

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Deutsche Telekom has posted quarterly earnings before tax and interest of 5.5 billion euros – up 5.2 percent – and said it is sticking to its full-year profit target.

Sales were 16.2 billion euros, also up 5.2 percent

The German firm’s better than expected profit came from strict cost controls, just like its European rivals Telenor, KPN and TeliaSonera announced last week.

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tags: Germany, Profits, Telecommunication